Smart money Meaning, Definition & Usage
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noun money bet or invested by experienced gamblers or investors (especially if they have inside information)
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noun (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
exemplary damages; punitive damages.
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noun people who are highly experienced or who have inside information
- the smart money said Truman would lose the election
WordNet
Definitions
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(a) Money paid by a person to buy himself off from some unpleasant engagement or some painful situation .(b) (Mil.) Money allowed to soldiers or sailors, in the English service, for wounds and injures received; also, a sum paid by a recruit, previous to being sworn in, to procure his release from service .(c) (Law) Vindictive or exemplary damages; damages beyond a full compensation for the actual injury done. Burrill. Greenleaf.